Behavioral Finance and Energy Trading is an instructor-led energy trading course presented by the energy training experts at Mennta Energy Solutions. This workshop provides an introduction to behavioral finance, an exciting area in economics that combines the psychology of risk taking with traditional finance and economics theory of market behavior. Numerous case studies focused on energy and commodity markets are presented to introduce key concepts

The course aims to encourage delegates to raise their level of self-awareness and gain a deeper understanding on how behavioral, psychological and biological aspects condition trading decisions.

We will explore the personality traits of successful traders and the risk taking profiles that are often found in members of different trading groups in energy firms such as asset-based trading, optimization, proprietary trading, marketing operations, portfolio management, risk management and operations.

Prior to the course, delegates have the option to take a survey designed to identify attitudes towards risk and potential psychological biases. Individual results can be kept confidential and discussed in person with each delegate.

What you will learn

How to identify and modify behavioral and cognitive biases

A survey of latest research on behavioral finance applied to trading

Key psychology traits of successful traders

How do the body and brain cooperate to take risks

Strategies to manage risk and anxiety

How to incorporate behavioral aspects to improve trading strategies

What type of personality profiles are more likely to be successful at different energy trading strategies

Mennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits. Mennta Energy Solutions has determined that this program qualifies for 16 GARP CPD credit hours. If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at http://www.garp.org/cpd

The course teaches a disciplined approach to asset-based oil trading. This is an intermediate course designed for oil traders as well as those interested in learning more about asset-based trading strategies such as trading analysts, schedulers and risk managers. Basic knowledge of physical asset trading strategies such as cargo arbitrage and storage is required.

Delegates are expected to be familiar with basic fundamental as well as technical analysis tools.